No magic bullet — not the Fed, not the energy boom, not the modest improvement in home prices- — is going to get the U.S. economy out of what Nobel Prize laureate Edmund Phelps calls a “structural slump.” This isn’t a new depression. It’s not even a double-dip recession. It’s just a permanent headache.
Full post is here. It contains this interesting chart of the Federal Reserve's recent purchases of Treasury and mortgage-backed securities is below. I wonder what happens next?
Posts
No comments:
Post a Comment